"Miami economist Manuel Lasaga, who burnished his University of
Pennsylvania doctorate in economics with a stint at Citibank
renegotiating the Latin-American debt in the 1980s, shares few
characteristics with Chicken Little, who always warned that the sky was
falling.

Still, the 53-year-old economist correctly sounded the alarm over
the need to devalue the overvalued Argentina peso back in the 1990s,
when such talk was dismissed by the Argentine government, which later
faced financial and economic implosion."

Lindsey Jacobellis, crashes while hot-dogging a jump in the women's snowboard cross Olympic final. Evidently, she was way ahead and did some sort of trick on one of the final jumps causing her to crash. She wasn't able to recover and get back up to speed in time and ended up taking Silver.

A good example of how being too cocky can come back to bite you, hard!

"Greenland's glaciers are melting into the sea twice as fast as
previously believed, the result of a warming trend that renders
obsolete predictions of how quickly Earth's oceans will rise over the
next century, scientists said yesterday.

The new data come from
satellite imagery and give fresh urgency to worries about the role of
human activity in global warming. The Greenland data are mirrored by
findings from Bolivia to the Himalayas, scientists said, noting that
rising sea levels threaten widespread flooding and severe storm damage
in low-lying areas worldwide."

From the "Oh this would have been !@##@! terrible! department" (reported on slashdot):"CNet is reporting on a recent Oracle bid for open-source database MySQL. They were unsuccessful." From the article: "'It all comes back to the question of cannibalizing an existing business,' O'Grady said. 'If you determine that to some extent it's inevitable, wouldn't you prefer that you do it, instead of your competitors?' O'Grady said Oracle could benefit from MySQL in the way that IBM has from its acquisition of Gluecode, a company that commercializes the open-source Geronimo Java application server software and competed with IBM's own proprietary WebSphere product."